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Market Moving News: GBP/USD - Nov 3

03 Nov, 2009 @ 01:58 am ET | written by AceTrader


Gbp/usd - 1.6364 ... Despite intra-day brief rise to 1.6420 in Asian morning, cable has retreated fm there partly due to cross selling vs yen with some traders wary of the central bank rate announcements late this week (Fed on tomorrow to be followed by BOE n ECB on Thursday). Offers are located in batches fm 1.6420 up to 1.6460 while bids are tipped at 1.6320 n 1.6300 with stops likely to emerge below latter lvl...

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